Expect to offer more high LTV mortgages in Q2 despite weak prospects for house prices Lenders reported unexpected rise in mortgage defaults in Q1 (UNEXPECTED!!, these people should get out in the real world), expect further increase in Q2 (REALLY?) … Continue reading
VAT rise to 20% (!) on January 1… So inflation’s not so bad, only 3.75%…rest easy in your beds, UK readers…
Continues to believe policy should be tightened Inflation likely higher than MPC’s central projection Should be more concerned about CPI overshoot than undershoot Inflation expectations could deteriorate with CPI near 5% Further upward pressure on prices due to sterling depreciation … Continue reading
Posen gets to be interviewed by The Guardian, Sentance by The Leader. Sounds fair enough to me
Cable sits at 1.6360, effectively unchanged overnight in Asia with price action confined to conservative 1.6340-1.6382 range. Few things of interest today, latest Bank of England minutes and Budget. Well I’m probably stretching it a bit labelling the Budget interesting. … Continue reading
They want to avoid the perception that banks cannot repay support are overly reliant on government support.